Hello everyone:
As my bias on USD strength, so do I see opportunity here on USDCAD.
We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.
The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.
I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries.
Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top.
Thank you
As my bias on USD strength, so do I see opportunity here on USDCAD.
We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.
The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.
I do like to see price breaks out of the wedge, and form continuation correction on the lower time frame for possible entries.
Higher time frame wise, I am still bias on the long term. I do want to see this short term bull move up, potentially completing the higher time frame continuation structure, and look for sell from the top.
Thank you
Nota
Nota
Looking for this breakout from correction.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.